it moves the federal housing goals from hud to the newly empowered regulator. this means that the agency responsible for the safety and soundness is also the one determining what affordable housing goals are consistent with the safety and soundness. barney frank last fall when he was running, pressure, for re-election, talked about the progress they have made with the election. don't say that. if you kept quiet about it, since we could then include this provision in whatever legislation is passed and point. if it's already in the system, you don't get credit for it. they will have to come up with some other way to change the requirements. some change is going to be required. but at least we ought to get credit for the changes that they had made. our position at freddie mac, since i started three years ago, all of the questions floating around has been not to have a position. once you have a position of what ought to happen, you then are discounted in any views that you have on it, any other options, because you are the supporter of option a. we will freddie, fa

indeed, they would be repaid from the longstanding tax credit program, as well as hud section 202 financing. that is a very competitive process. that financing would be used to pay the bond. we are only asking authorization to apply, and then we would come back to the board in the spring of 2012 to seek authorization to issue the bond. in terms of the project itself, 90 units of senior housing above the redevelop st. anthony's dining room at the corner of golden gate and jones. it will be a wonderful project was completed. with the redevelopment of this site, we will be able to serve more people in the tenderloin and surrounding communities. supervisor chu: just a quick question with regards to the ability, obligation to pay this back. this is not a general fund obligation? >> absolutely not. true, but financing. supervisor chu: supervisor kim? supervisor kim: i am excited about this project moving forward. i'm excited to be a partner in this. there is a lot happening on this block. it is a very well utilize space for the tenderloin neighborhood. engine would greatly enhance our ability to

after the kleins contacted consumerwatch, we steered them to a hud-approved housing counseling agency. the kleins still in their home, by the way. if you have a consumer problem, call our hotline 1-888-5-helps- u. >>> from you in the mood to get out of town, how about jetting off to vegas for just nine dollars? spirit airlines just launched nonstop flights between oakland and sin city. the fares go from $9 to $99 each way. to get the $9 fare, there is a catch. you have to sign up for spirit's fare club. and it's not one of those free frequent flyer clubs. membership costs $60 a year, but wait, there's more. spirit charges up to $45 to stow a carry-on, coffee, soda and water up to $3. and you won't get much room. seat pitch is just 28" compared to 31" on united economy. >> even 31 isn't enough, for me. >>> bargain hunters going to the extreme. how many are breaking the law just to save money? >>> holding on for dear life, a gas station attendant clings to the hood of a car. the confrontation that led to this. >>> and it's happened again. another deadly stage collapse. the violent storm

housing authority was ordered to allow public housing to go into as drastic the case as possible because hud was not going to give them as -- any more money, and the only way to get money to make of the deficit was they had to let a private it to come in. >> the federal government's funding formula for ongoing operations and maintenance has steadily declined over time. >> there are funding shortages, and the board of supervisors really cares. we have put money aside for repair. millions of dollars. we have lists now. we are looking at priorities, and the priority is life- threatening issues. we are looking at those things first, trying to make a difference, and i believe that we will. >> let's take a break and learn about a couple of unique district in neighborhoods with more of a small town by. first, let's meet the editor of this photograph book. she will tell us about the process of creating a book, the district's history, and how the neighborhood has the ball. -- evolved. >> i was inspired to write a book about the portola because a co-worker brought in the bayview book for me to look at

had the federal reserve, fdic, officer of comptroller, thrift supervision, department of defense, and hud having little spaces in the market, and things fell between the crashings, and also -- cracks, and the missions given to the agencies was typically secondary and subordinate to other missions particularly to bank safety and soundness which is a fancy term for bank profitability. abusive lending practices, the only reason to do them is because they are profitable. if you are the comptroller of the currency and your mission is ensures that banks are profitable, that puts you in a bind where you want to turn a blind eye to abusive practices because they are profit l. that led up to the housing bubble. >> for your assessment, this is something we needed to institute? it was an agency or bureau or a government program where you needed to institute? >> without a doubt. the financial crisis in 2008 came out of consumer financial products, out of mortgage products, that was the root of it. to ensure that doesn't happen again, we need better consumer financial protection. >> i'll just say, you

some of the connection of some of the programs that the department of health and human services and hud have used for several years, and it's wonderful that we really actually have a partnership now between the department of veterans affairs and hhs and housing and urban development. and one of those engagement strategies is trying to make sure there is outreach to the individual military member and their family member in some ways to make sure that they are employed, as dr. karlin indicated, and that they have the kind of support services around them that they need. many of the family members don't really know what to do. in other words, someone comes back into the house, they feel ... everyone's, you know, maybe angry, there's a lot of adjustment going through, they're not quite sure how to approach the discussion. what happens is that they may have some financial problems, they might not be able to get a job, so all of these homelessness programs, as dr. karlin indicated, are looking at not only housing issues, but also supported employment opportunities and also family support oppor

and then we have a system which believes it's above the law i mean i literally had the secretary of hud once say to me look you know i don't have to pay attention why i don't have to be able or i report to a higher moral authority so we have the planet run under a model is our operating on. different set of rules and laws that we believe the law to be now if you look at how much of money's been pulled out of the economy globally whether it's by united states london whatever we're talking about trains the trillions of dollars and you know what i refer to a lot of it in the united states as the black budget but the fundamental question is where is all this money going because we're talking about truly trillions and trillions of dollars that have been pulled out and managed according to his that you know i call it a financial clue data but the question is who's running the financial couldn't tell and weirs on the money going because it's very very significant and it's a system that doesn't consider itself to have to obey the laws that you and i are talking about now hey let me ask you a qu

it had treasury, hud, fannie, freddie, realtors, home builders, community groups and special interestroups. all of them were involved in the push to increase home ownership to intended record levels by the end of the millennium. and they created a platform that would carry that out. that includes reduced down payments, changes in building quality, innovation of new mortgage products, and all of these were stated goals, implemented as part of the policy, part of the plan, part of the notion of wrapping ourself in a culture of ownership. ownership society without ever having a discussion about what it was. and we forget that all of the benefits that historically have been conveyed by home ownership are real. there are greater ties to one communities. they are a better place to raise a family, more stable neighborhoods, typically neighborhoods with more focus on educational obtainment of the children in those neighbors. but we never stop to ask what it was that really drove those as part of the social policy discussion. and history has shown that it's actually down payment and the monthl

but that balance between hud is presented, is marketed, how it is perceived by the market that will be gone immediately. >> as for his replacement and ceo tim cook he feels he is capable but has big shoes to fill. >> we'll have a company that is so uniquely designed for its ceo you cannot just going out that ceo and toss and someone else. >> and up to the other dicks story an armored car read turns into something they would see in the movies. this to the big board are will show you where when them. there is a will sparkle right there, that is where an armored car was parked outside. it was robbed and that is where a police shootout in stewed with security guards and suspects. this is near interstate 80. police said they exchanged gunfire with two robberies suspect. a cop was hit in the shoulder but was able to shoot one of the suspect. witnesses said the suspect was running from the bank the back of money when he was charred and killed and another suspect got away at least initially. there was a search for the suspect but he showed up a doctor's medical center right here in san pablo.

speak with hud-approved housing counselors free of charge at... >> reporter: the tools of war -- planesships, bombs and bullets. but since ancient times, there's been another tool -- animals, beasts of war. for hannibal in the third century b.c. it was elephants, his version of a tank to break through enemy lines. in world war 1, carrier pigeons, one bird carrying 25 miles to deliver the message before dying of its injuries. today we are driving in to go see a very unique navy program that's been around for about 40 years, but it's only been declassified since the '90s. and this is a really rare opportunity. it was extremely hard to set up. the navy, understandably, is sensitive about access to this program. the navy says what you're about to see is the best protection for a ship or a harbor against an attack. it has the finest sonar in the world and you can't see it coming. the dolphin, what the navy calls the mark 6 weapon system, trained to find and identify a hostile swimmer. the navy has seen firsthand how vulnerable their ships can be at anchor. 17 sailors were killed when the u.s

i love saying attorneys general plural, justice department and hud have been working on a negotiationith the banks that would make the banks pay out money to home owners saying our bad and wipe their hands of the whole mess and they are this close right now, as i speak, to getting away with it. the terms would be a $20 million payment split between five big banks, a sum roughly equal to the second quarter profit this year in exchange for total immunity of prosecution. let me say that again, total immunity of prosecution. not a bad deal considering no one knows the extent of this alleged systemic fraud and if a settlement is reached, we'll probably never know. so three attorneys general have said heck no. one attorney general who said no, eric schneiderman, has been booted off the committee negotiating the settlement. okay, now back to the quote i promised you. in explaining why schneiderman was a problem, katherine wilde, a member of the new york f.e.d. that represents the public told schneiderman in a conversation, and i quote, "it is of concern to the industry that instead of trying

you can contact the federal housing administration, hud. they have counselors that can help. and there is a program called know it, avoid it and report it to help stop these scams. >> is there any dollar amount on this? do we know how much money was collected from this point? >> i talked to one investigator. he told me that as of march, so we're talking about april, may, june, july, august, that is five months ago, $7 million had been paid to the law firms, again that was five months ago. the dollar amount is likely to be much higher by now. >> yeah. one would expect. >> and big change for hewlett-packard. the company is getting out of the consumer business. palo alto based hp announced a reshuffling including discontinuing it's touch pad tablet line, saying they'll focus on business chers. gone will be all of the hp tablet computers and various smart phones and by the end of the year, hp's pcs will be sold under a another name. they will continue to sell software and printers but only to business customers. >> and a martha's vineyard holiday may have seemed like a good idea

this morning on an amber alert was issued on a 16 year-old boy police have said through an ongoing hudtigation has been a real least by his captor a 25 year-old man he has been in contact with his family and friends. although police have not spoken with him directly he was kidnapped around 330 yesterday afternoon when a man was brought in al's bar were shot he was taken at gun paroinr.t. the police have discovered the suspect's car they are currently processing the as you pay for evidence >> another two people were gone letdown in richmond on monday morning there are folders they were shot in front of her apartment building all little bit before 3 in the morning. >> the motives behind at monday morning's fatal shooting is still unknown they happened in an area that is known for deadly violence police that say 20 years have been payinbattling gangs in the northern area. >> it is selling telling on how senseless this gang violence. it is this respect. >> they need help from the community as well >> family members at or anyone that can reach these young people >> the victim rose met fat a

it moves the federal housing goals from hud to the newly empowered regulator. this means that the agency responsible for the safety and soundness is also the one determining what affordable housing goals are consistent with the safety and soundness. barney frank last fall when he was running, pressure, for re-election, talked about the progress they have made with the election. don't say that. if you kept quiet about it, since we could then include this provision in whatever legislation is passed and point. if it's already in the system, you don't get credit for it. they will have to come up with some other way to change the requirements. some change is going to be required. but at least we ought to get credit for the changes that they had made. our position at freddie mac, since i started three years ago, all of the questions floating around has been not to have a position. once you have a position of what ought to happen, you then are discounted in any views that you have on it, any other options, because you are the supporter of option a. we will freddie, fa

owners are receiving modifications each month, and when you combine that with the assistance provided by hud, the private sector taken more families, and we'll continue to look at measures and to take steps that can improve the prospects for home owners and to allow them to stay in their homes, and including evidence of the fact we're constantly looking at new ideas on this issue are the two measures that i just referenced. >> reporter: sounds very decoupled from jobs and deficit reduction, sounds like a lesser priority when you look at the timing? >> i think these are all priorities, and the housing challenge that we continue to face is part of the economic challenge that we face. there's no question, and he is focussed on that as part of his overall highest priority, which is the economy and jobs. yes? >> reporter: 9/11 report card being released virtually as we speak, three of the big concerns it addresses intel sharing and coordination, explosive detection and communication were three of the big lessones from 9/11 itself. given we are ten years later, as we approach that anniversary, wha

speak with hud-approved housing counselors free of charge at... >> look at that.in london investigating unrest in one of europe's most ethnically diverse neighborhoods this is what it looked like in the northern tottenham neighborhood saturday night. when it was all over, 26 police officers were hurt. dozens were arrested. the violence was sparked bay fatal shooting during a reported exchange of gunfire with police. >> i may have been a bit faster back then, but in the water i feel stronger. i feel stronger physically. i feel like i can walk through a brick wall. >> can you believe that? she's 61 years old and set on doing a feat no swimmer has done before. the story of diana niad in a moment. first another astounding human achievement this is tough. it's not in the water, but it's in the air. we will go globe trekking right now. this sounds nuts, right? a man in china walked a high wire between two hot air balloons, really? >> why? >> why? >> exactly. this is a traditional stunt they do. it is very popular in china, actually. but if you can see here, he falls off

in addition to enough jobs, fairness in jobs there must be a bigger role for hud to play and if the banks foreclose and we put people back to work. they call the fast rail that -- the department of transportation and the department of labor have big roles to play in the massive jobs plan. >> you know, president obama also held a jobs tour last week, but his was more of a listening tour. he helped town halls of people in the midwest. what do you think, reverend? do you think he is doing enough to help the black community when it comes to jobs? >> well, there must be a renewed focus on jobs. i think that in this rockish ship, we put so much focus on those on the deck of the ship and those in the cabins and not the focus on those in the hull of the ship, and that means we bail out the banks. it was not linked to lend and reinvestment. somehow it must be. the bush tax cut extension gave more wealth to top 1% and all the state's budget. that must be repealed early on to have enough money to reinvest and put america back to work. of course, there are patterns of race discrimination. we need the

it moves the federal housing goal from hud to the newly empowered regulator. this means that the agency responsible for the safety and sondness is also the one determining what affordable housing goals are consistent with the safety and soundness. barney frank last fall when he was running, pressure, for re-election, talked about te progress they have made with the election. don't say that if you kept quiet about it, since we could then include this provision in whatever legislation is passed and point. if it's already in the system, you don't get credit for it. they will have to come up with some other way to change the requirements. some change is going to be required. but at least we ought to get credit for the changes that they had made. our position at freddie mac, since i strted three years ago, all of the questio floating around has been not to have a position. once you have a position of what ought to happen, you then are discounted in any views that you have on it, any other options, because you are the supporter of option a. we will freddie, fannie m

when you combine that with the assistance of provided through hud and the private sector.ontinue the look at measures and to take steps that can improve the prospects for homeowners and to allow them to stay in their homes, and, again, including evidence of the fact that we are constantly looking for new ideas on this issue are the two measures i just referenced. >> sounds very decoupled from jobs and it's something of a lesser priority -- >> these are all priorities. the housing challenge that we ten to face is part of the economic challenge that we face. there's no question. he is focused on that as part of his overall highest priority, which is the economy and jobs. yes? >> reporter: the 9/11 report card being released virtually as we speak, three of the big concerns it addresses, intel showing of coordination, particularly the dni, and communications and three, the real issues from 9/11 itself, and given ten years later, as we approach the anniversary, what happened? what -- >> well, i have not spent a lot of time on this. i think it was just today that it came out. bu

speaking about our wonderful partnerships, it is my privilege to introduce major hud from the salvation army, also a great partner of ours. >> thank you and good morning. i represent the salvation army as the chief communications officer. today, i am also representing a network of wonderful voluntary organizations that we refer to as a national voluntary organizations active in disasters. they are organizations each gifted with a particular skill. throughout the year, this group of organizations committed to saving lives and rebuilding lives after devastation work on how we can best respond colored of late whenever a disaster strikes. the voluntary organization has been mobilized effectively with this particular hurricane. ies are theagency' southern baptists. they are known for their ability to cook wonderful meals. they have 131 kitchens on standby with an average capacity of 130,000 meals on a daily basis. there are all kinds of that kind of work that will take place. pre-planned, highly coordinated with support infrastructure for fema as we work together. the salvation army and red

say we pick food and nutrition, maybe some hud programs. let's throw in federal salaries.ry active duty, $3 billion. you get the idea. we'll throw in defense contractor, we're already at $153 billion, very close to reaching the debt limit there. you get the bleak picture. unless congress passes the deal today, this is just a glimpse of what is at stake and what we may not be able to pay as a u.s. government. >>> a big sigh of relief in this country over the debt deal, but what about europe where many countries are struggling with their own debt issues? we'll go live to london for some answers right after this. [ marge ] psst. constipated? phillips' caplets use magnesium, an ingredient that works more naturally with your colon than stimulant laxatives, for effective relief of constipation without cramps. thanks. [ professor ] good morning students. today, we're gonna... handle more than 165 billion letters and packages a year. that's about 34 million pounds of mail every day. ever wonder what this costs you as a taxpayer? millions? tens of millions? hundreds of millions? no